You create pricing rules and thresholds to automatically approve price recommendations
and reduce the amount of time you spend reviewing and approving pricing recommendations. But, if you
chose manual approval when you configured a rule, you need to manually review and approve the
pending price recommendations that are generated by that rule.
Procedure
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From the menu, select Pricing strategies.
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Select the pricing strategy that you want to view.
The pricing strategy opens to the Trends data.
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Click Prices.
By default, recommended pricing changes that are still pending (and need manual approval) are
displayed if the pricing strategy ran. You can easily distinguish positive price changes (price
increases) from negative price changes (price decreases) when you view pending prices. Positive
price changes are listed in the color green, and negative price changes are listed in the color
red.
Tip: From the Pending list, select
Approved to view the automatically approved price recommendations for the
strategy.
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To view details of a pricing recommendation, click View more (tile or
list view) or the Product name (table view).
The product opens to
the Price change details data.
- To download pending price recommendations, click Download. The
exported file includes the information from the pending prices report, including the number of
broken rules (for each product) and the names of the broken rules.
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Click Price rules to review how the price rules were applied to the
pricing strategy.
Each rule from the strategy is listed in the sequence in which it ran, indicating how the
price rule impacted the recommended price.
Tip: Click a rule to review a summary of the
rule configuration.
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Click Competitors to review competitor data for this product.
The line chart displays color coded lines to provide a visual graph of how your product price
compares to selected competitor data by date and price. The competitor information is also displayed
on the
Competitors widget in the
Trends data.
Tip: Evaluate the most recent competitive prices before you approve a price recommendation.
Click All price history to view recent competitive prices. You can choose to
view competitive prices for the Last 7 days, Last 15
days, or All price history for the product.
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Click Relationships to review the hierarchy attributes for the product
and any predefined relationships with other products.
- After you review the price change details, click Approve to
approve the price recommendation.
- Click Close to exit Price change
details.